XRP Market Trends and Weekend Prediction

XRP is currently trading around $2.22 with a slight downward shift of -0.14 (-5.91%) from the previous close. The token has seen a mixed performance across multiple timeframes, reflecting both consolidation and potential breakout scenarios.

Technical Analysis Across Timeframes

4-Hour Chart:

XRP has formed a rounded bottom pattern, a bullish signal indicating accumulation. The price recently bounced from a local low of $2.22 and surged toward $2.518, showing a potential uptrend.

1-Hour Chart:

XRP is trading within an ascending channel, suggesting short-term bullish momentum. However, a breakout above $2.50 is necessary for a stronger continuation upward.

15-Minute Chart:

XRP recently rebounded from $2.21, reflecting a minor +0.31% gain on this timeframe. However, short-term resistance near $2.42 could limit upside movement.

Support and Resistance Levels

• Support Levels: $2.40, $2.38, and $2.20
• Resistance Levels: $2.42, $2.43, $2.45 and $2.59

The immediate target for XRP remains at $2.50, contingent on sustained bullish momentum.

Weekend XRP Price Prediction

As the weekend approaches, XRP’s price action will likely be influenced by overall crypto market sentiment and key technical levels. Given the current uptrend on the 4-hour and 1-hour charts, there are two possible scenarios:

• Bullish Scenario:
• If XRP breaks above $2.45, a retest of $2.50-$2.55 is likely.
• A move beyond $2.55 could open doors to $2.65-$2.70 if volume supports the breakout.
• Bearish Scenario:
• A rejection at $2.38 may push XRP down to support at $2.20-$1.80
• If sellers dominate, a dip toward $1.50 is possible.

XRP is showing bullish potential but faces key resistance at $2.38. A breakout above this level could drive prices toward $2.45 – $2.55 over the weekend. However, failure to hold support at $2.20 may trigger a more downtrend.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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